Many commercial banks continue raising deposit interest rates amid increasing pressure on inflation and monetary tightening. Agribank has raised the interest rates by 0.1 percentage point for 12-month term or longer deposits, to 5.6 percent per annum, applied since July. This is the highest interest rate offered by the bank. Private banks also have raised […]
Read MoreThe Ministry of Economy and Finance and the National Bank of Cambodia last week rolled out the KHQR to standardise banking QR codes. Payment using QR code is easy, fast and secure. Officials said financial technology is integral to the development of today’s digital payment systems. The banks and payment service providers are competing to […]
Read MoreA year after the UK-Vietnam Free Trade Agreement (UKVFTA) came into effect in early 2021, trade between the two countries has shown significant growth despite the impact of the COVID-19 pandemic. Accordingly, trade between Vietnam and the UK reached 6.6 billion USD in 2021, an increase of 17% on the year and equivalent to the […]
Read MoreDespite manufacturers’ insistence on the need to increase their product prices to cope with higher production and raw material costs, the Commerce Ministry remains adamant that prices should remain frozen. The ministry is calling for continued cooperation from manufacturers to help maintain their product prices as long as possible in order to curb negative effects […]
Read MoreVietnam’s prudent policies resulted in a prolonged period of high growth, price stability, and low public debt-to-GDP ratios. The International Monetary Fund (IMF) forecast Vietnam’s inflation this year to rise to 3.9%, below the Government’s target of 4%. The information was revealed in IMF’s latest report on Vietnam, which was released following the wrap-up of […]
Read MoreKUALA LUMPUR: Malaysia’s wholesale and retail trade has set a new sales record in May 2022, growing by 19.9 per cent year-on-year (y-o-y) to RM129.8 billion — the highest sales recorded since 2013, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the increase to the retail trade […]
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Thailand
